Neil Naughton takes on executive chairman role at Glen Dimplex
Founder’s son had been deputy chairman of the electrical goods maker since 2010
Neil Naughton: ‘Myself and my brother Fergal will work very closely together and we both have the same ambitions for the business, although we have different skillsets.’
Neil Naughton had been the deputy chairman of the electrical goods manufacturer since 2010, but it was not an executive or day-to-day management role.
In recent weeks, however, he joined the business in a full-time executive capacity and has taken over as chairman from Martin McCourt, formerly of Dyson, who had been Glen Dimplex chairman in a non-executive capacity.
The founder’s other son, Fergal Naughton, will continue in his role as chief executive of the globally-focused business, Ireland’s largest privately-owned manufacturing group. Its brands include Morphy Richards, Lec and Faber, and the group remains under the control of the wider Naughton family.
“Myself and my brother Fergal will work very closely together and we both have the same ambitions for the business, although we have different skillsets,” said Mr Naughton.
“I am more naturally inclined towards the commercial side of things, while Fergal is more naturally inclined towards the operational side. In my role, I intend to step up my engagement with Glen Dimplex’s customers. I have been working towards this job for a while.”
Martin Naughton, who stepped down as the company’s president in 2016, founded Glen Electric in the early 1970s, before expanding with the purchase of the Dimplex group.
Glen Dimplex Europe, which captures only part of the performance heating and appliances group, had sales of €1.4 billion over an 18-month period to the end of September 2018, according to accounts recently filed.
It took a €21.6 million restructuring charge as a result of “challenging” trading conditions, due in part to Brexit.